Re EEE: Free penny stock anyone? I got my position before news came out - this is just a pleasant surprise for me.
Thursday September 2, 10:41 am Eastern Time
Company Press Release
Canadian 88 Energy Corp. to Dividend Holdings in Prize Energy Inc.
CALGARY, ALBERTA--(BUSINESS WIRE)--Sept. 2, 1999--Canadian 88 Energy Corp., (TSE:EEE. - news; Alberta Stock Exchange:EEE. - news; AMEX:EEE - news) announced in Calgary today that Canadian 88 will pay a dividend to its shareholders in the form of its current shareholdings of Prize Energy Inc. (``Prize'). Canadian 88 currently owns 20,887,800 common shares (45.3 percent) of Prize, all of which will be included in the dividend.
Based on the current outstanding shares of Canadian 88 Energy Corp., one share of Prize will be distributed for each 5.1 shares held of Canadian 88.
Subject to receipt of the necessary regulatory approvals, the dividend will be distributed on October 1, 1999 to shareholders of record September 24, 1999.
Prize Energy Inc. (PZI) is an independent public oil and gas company with its head office in Calgary, Alberta Canada. The shares of Prize Energy Inc. are traded on The Alberta Stock Exchange.
Canadian 88 Energy Corp. (EEE) is an independent public oil and gas company with its head office in Calgary, Alberta Canada. The Shares of Canadian 88 Energy Corp. are traded on the Toronto, Alberta and American Stock Exchanges.
The information contained herein has been neither approved nor disapproved by The Alberta Stock Exchange.
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Contact:
Canadian 88 Energy Corp.
Robert Pilling, 403/974-8800
403/974-8811 (FAX) |
